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What Are The Signs That You Might Need A New Home?

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Moving into a new home can be a hassle. Nobody really enjoys packing up all of their belongings and carting them off to a new place. This can lead many people to stay in their houses for a long period of time, despite their needs or the family's changing over time.

But sometimes moving house is a necessary part of life. Whether it's due to a steadily growing family, children moving out or shifting for a new job, there are many reasons why you might need to relocate.

It's no longer what you want
There may be many things you like about your home, but over time, there may be other things you have begun to dislike. For instance, perhaps you liked your home's proximity to a nearby primary school for your children. But if your kids have all grown up and moved out, you might not appreciate the noise anymore.

You're strapped for room
When you bought your home, you may have thought two bedrooms would be sufficient. However, since you moved in, your family might have expanded - rapidly.

If you're so strapped for room that all of your kids are sharing bedrooms, it might be a sign that you need to move on to a bigger house.

Maybe you've accumulated a lot of belongings over the years and your garage is now full-to-bursting, bringing about the need for a home with an attic and other storage capabilities.


Neighbourhood
Over time your neighbourhood can change. The house next door might have once been occupied by a nice family, but has since become rented student accommodation. A busy shopping mall may have been erected at the end of your street. Perhaps the owner of the house next door has now become the neighbour from hell.

These are all good reasons why you might want to consider moving to a brand new area, as being happy in your home is extremely important.

If one or more of these signs is evident in your home, get in touch with a First National Real Estate agent to get closer to finding a house more suitable for your needs.

 


 

OK, So You Want To Move…. How To Work Out Market Value

"Market value" is whatever a willing buyer will pay for a property when it sells. While this advice doesn’t help new buyers, or even experienced buyers, there are ways to work out what you should pay for a property. Here are our tips:


Use technology. Many real estate websites provide suburb median prices and recent sales details. Remember that a median price is only indicative of the middle price in a suburb; it may not reflect the value of the property you are considering

Ask real estate agents When buying an investment property, rental returns are the key factor in determining value. 5 per cent gross rental return is considered the ‘rule of thumb’ which essentially converts to $1 in weekly rent for every $1,000 spent buying a property

Obtain a valuation. Formal valuations can cost between $500 and $1,000 but a licensed valuer must support his or her indicative price with solid comparative market evidence